The Monte Pascoal-Pau Brasil forest offset project in the south of Bahia, Brazil aims to finance the restoration of degraded forest through the sale of carbon credits. Communities living in the project area were promised social benefits from the project. Few of these benefits were realised and fewer lasted.
Tag: Carbon Offsets
Bruce Rich on the World Bank’s response to climate change: 1. The Carbon Caravan
Bruce Rich’s excellent new book about the World Bank, features two chapters about the Bank’s role in climate and energy finance. Rich describes this as “arguably the most critical and intractable development issue facing the Bank and the world at large as global warming accelerates”.
Consultants Europe is running an advance fee scam
A company called Consultants Europe is cold calling people, claiming that they can sell near-worthless carbon credits for more than £5.75. Of course, there’s an advance fee to be paid of 45p per credit.
Some questions for Dorjee Sun about the Ulu Masen REDD project
Last year I wrote a series of posts about the Ulu Masen REDD project, based on interviews with NGOs and indigenous leaders in Aceh. Missing from the story is Dorjee Sun’s version of events.
“Carbon released from fossil fuels is not equivalent to the carbon stored in trees.” New report from FERN
“It is a mistake to think that emissions from fossil fuels can be negated by increasing or protecting the storage potential of forests and other land based carbon.”